The OTC Bulletin Board or OTCBB is an interdealer electronic quotation system in the United States that displays real-time quotes, last-sale prices, and volume information for many over-the-counter (OTC) equity securities that are not listed on the NASDAQ stock exchange or a national securities exchange. Broker-dealers who subscribe to the system can use the OTCBB to look up prices or enter quotes for OTC securities. According to the SEC, "frauds...
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The OTC Bulletin Board or OTCBB is an interdealer electronic quotation system in the United States that displays real-time quotes, last-sale prices, and volume information for many over-the-counter (OTC) equity securities that are not listed on the NASDAQ stock exchange or a national securities exchange. Broker-dealers who subscribe to the system can use the OTCBB to look up prices or enter quotes for OTC securities. According to the SEC, "fraudsters often claim or imply that an OTCBB company is a Nasdaq company to mislead investors into thinking that the company is bigger than it is."
FINRA runs and provides regulatory services to the OTCBB. The OTCBB formerly collected 100% of quotes, but that number has declined with the rise of its competitor Pink OTC Markets. In September 2009, FINRA announced that it would be selling the OTCBB. Pink OTC Markets was the leading contender for purchasing the OTCBB, but terms could not be reached between itself and FINRA. In September 2010, FINRA...
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